Capstone Financial Assurance, LLC

Long-term care is one of the most important financial issues facing your members. An American Academy of Actuaries 1999 study estimates 40% of adults ages 18-64 and 57% ages 65 and older will need long-term care. Most of those who will need long-term care will be forced to spend their savings for care.

Nationwide, in 2001, care-giving families spent $2 billion per month of their own money providing care to family members.

Medicare payments cover only 8% of American�s long-term care expenses. Government regulations allow up to only 100 days of institutional benefits. The average long-term care stay is 3.1 years.
Private pay dollars, including long-term care insurance, covers nearly 40% of America�s long-term care expenses.
Medicaid ends up covering the remainder of Americans' long-term care expenses, nearly 50%. Individuals are eligible for Medicaid only after their assets are reduced to poverty levels.

This table illustrates the financial exposure to your members and the Credit Union.

For Every	10,000	Mature members
33.3% will spend time in a care facility	3,330	Members in care
Average 3.1 years per LTC event	10,323	Years spent in care

Average cost of $70,000 per year	$722,610,000	Spent on Long-Term Care
2.1% VA benefits	$15,174,810	Paid by VA Benefits
4.9% Private Insurance or other source	$35,407,890	Paid by Private Ins. or other sources
8.2% Medicare	$59,254,020	Paid by Medicare
47.6% Medicaid / Public Assistance	$343,962,360	Paid by Medicaid / Public Assistance
37.2% Out of Pocket	$268,810,920	Paid by Your Members

Capstone was formed on the premise that we can be the very best home for the elite LTCI producer and the very best in the industry at partnering with affiliates. With elite agents nationwide, our organization is unlike any other in the industry. There are no �novices� or �trainees� meeting with your members. Working with the �A Team� translates into extraordinary benefits for your members and results for your organization.